A fraudster impersonating Chief Justice of India DY Chandrachud, a fake virtual courtroom and documents closely resembling original ones were at play when Vardhman Group head SP Oswal was duped of ₹ 7 crore.
Mr Oswal was put under "digital arrest" in August and made to transfer ₹ 7 crore into multiple accounts. Punjab Police on Sunday busted a gang of inter-state cyber fraudsters who duped noted industrialist Shri Paul Oswal of Rs. 7 crores.
Ludhiana Police Commissioner Kuldeep Singh Chahal said two cybercriminals have been arrested and Rs. 5.25 crore have been recovered from them. Seven other members of this gang have been identified and efforts were on to nab them, he said, adding that all the nine members of the gang belonged to Assam and West Bengal.
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